Dubai Real Estate Market Snapshot: December 2024 📊

A Comprehensive Analysis of December 2024

Author

Ankur Sharma
January 03, 2025

Dubai's real estate market demonstrates exceptional resilience and growth as we conclude 2024, with total transactions reaching at an impressive 15.130 sales valued at AED 42.7 Billion showcasing the emirate's continued appeal as a global investment destination. Let's dive deep into the numbers and trends shaping this dynamic market.

🌟 Market Highlights

  • Total Transactions: 15,130 properties

  • Average Price: AED 1,565 per sq ft

  • Total Market Value: AED 42.7B

The transaction volume reflects robust market activity, indicating strong investor confidence and end-user demand. The impressive average price per square foot suggests sustained premium valuations across Dubai's prime locations.

Transaction Breakdown and Value Analysis

Property Type

Sales Volume

Sales Value (AED)

Apartments

11,615

20.9 Billion

Villas

2,441

11.4 Billion

Commercial Properties

334

905.6 Million

Land Plots

650

9.3 Billion

Apartments (The Volume Leader)

  • Volume: 11,615 units

  • Value: AED 20.9B

  • YoY Growth: +40%

  • Average Price: AED 1.2M

The apartment sector dominates the market, representing nearly 77% of total transactions. The significant 40% year-over-year growth reflects:

  • Strong demand from young professionals

  • Attractive rental yields for investors

  • New developments in prime locations

  • Flexible payment plans from developers

Luxury Villas (Premium Segment)

  • Volume: 2,441 units

  • Value: AED 11.4B

  • YoY Growth: +23.5%

  • Average Price: AED 3M

The villa segment's robust performance indicates:

  • Growing preference for larger living spaces

  • Strong demand in premium communities

  • International investor interest

  • Limited supply in prime locations

Commercial Properties (Strategic Opportunities)

  • Volume: 334 units

  • Value: AED 905.6M

  • YoY Change: -5.1%

  • Average Price: AED 1.7M

Despite the slight decline, the commercial sector shows:

  • Strategic repositioning opportunities

  • Stable yields in prime locations

  • Growing demand for flexible workspaces

  • Potential for future value appreciation

🎯 Key Recommendations

For Investors:

  • Focus on location and connectivity

  • Consider long-term growth potential

  • Evaluate rental yield prospects

  • Monitor market regulations and policies

For End-Users:

  • Compare prices across communities

  • Assess infrastructure development plans

  • Consider future appreciation potential

  • Evaluate payment plan flexibility

Data Source: dxbinteract